There is a strong logic in granting jurisdiction to the SEC. This agency is about six times larger than the CFTC and is more accustomed to dealing with consumer investors. Additionally, the Senate's approach is cleaner, making the SEC the regulator of conventional securities and the quasi-crypto securities it refers to as 'additional assets'. In recent months, the SEC's Crypto Task Force led by Commissioner Hester Peirce has made significant progress, while all serving CFTC commissioners have resigned from the agency.
